About Rapidio
Underwriters first. Software second.
Rapidio began in 2021 as a due diligence team in Miami, checking loans for lenders. Income took the longest and raised the most questions, so we built the tool we wished we had.
No card to start. Then $20 per loan, any income type.
- Miami, Florida, since 2021
- Experienced underwriters stand behind the system
- Association partner of NAMB, AIME and CAMP
Mortgage teams and associations that work with Rapidio
Our story
We started on the other side of the loan.
For five years our underwriters checked other people's loans, document by document. Income was the line that took the longest and got questioned the most. Every tool we tried gave a number without the work behind it.
So we built what we wished we had. First an automated underwriting system that read the whole loan. Lenders liked the idea and asked for one piece at a time, inside the tools they already used. So we took the system apart and shipped it as components, starting with income.
Today Rapidio calculates qualifying income from the documents, sorts the loan and lists what it still needs. Experienced underwriters stand behind the system. Brokers, processors, underwriters and lenders run it per loan, and the first loan is free.
What 5 years taught us
- A number people can check is worth more than a number alone.
- Teams adopt one piece that fits their workflow, not a new platform.
- A loan is clean only when nothing is missing, so say what is missing first.
How we got here
5 years, one component at a time.
Each step came from what the previous one taught us.
-
2021 · Due diligence
Checking loans by hand
Rapidio began as a due diligence team. Underwriters reviewed closed loans for lenders and investors, document by document.
Income is the line that takes the longest and gets questioned the most.
Due diligence today -
2022 · Automated underwriting
One system for the whole loan
We built an automated underwriting system that read the loan the way we had reviewed it. Lenders liked the idea and asked for one piece at a time, inside the tools they already had.
Nobody wants a new platform on day one. They want one piece that fits the workflow.
-
2023 · Income calculation
The first component
We took the system apart and shipped income calculation for wage earners and the self-employed, to agency guidelines, with the worksheet behind the number.
A figure the lender's underwriter can trace to its document saves the second round.
-
2023 · Document classification
Sorting what the borrower sent
Loans arrived as one scanned PDF. The next component split them and labeled every document by type, so the calculation starts from sorted documents.
Most of the delay sits in the pile of documents, before anyone calculates anything.
-
2024 · Smart Conditions
What the loan still needs
Every loan now lists the documents to collect, the items to review and the notes, with the reason for each, before it goes to the lender.
What is missing matters as much as what was calculated.
-
2024 · Bank statement income
Non-QM, deposit by deposit
12-month and 24-month bank statement programs, with every counted deposit listed, the missing months named and the ownership percentage and expense factor set by you.
A non-QM loan needs the same proof as an agency loan, one deposit at a time.
-
2025 · Every guideline, self-serve
Sign up, add a card, run a loan
FHA, VA, USDA and non-QM full doc joined Fannie Mae and Freddie Mac. Brokers and loan officers started running loans on their own, per loan, with no setup.
The same tool serves a one-person shop and a lender when the price is per loan.
-
2026 · Now
Rep and warrant relief on income
We are working on rep and warrant relief for the income Rapidio calculates, so a lender can rely on the figure with less re-checking of its own. It is in progress.
The rest of the loan. Assets, liabilities and credit are next in line.
How we are different
Most document tools were built by engineers. This one by underwriters.
Six places where that shows. We do not name names here. Ask us on a demo for a side-by-side with the tool you use today.
What we believe
Three rules we build by.
Show the work.
The worksheet and the source documents come with the number, so the lender's underwriter can check it line by line.
Not AI alone.
Experienced underwriters stand behind the system. A loan that needs a human eye gets flagged for review.
One piece at a time.
You start with one loan and one component. No platform migration, no setup fee, no monthly commitment.
Security
- SOC 2 Type 1 report
- Encrypted in transit and at rest
- Role-based access with 2FA
- Borrower documents seen only by the assigned internal underwriter, under NDA
Team
The people behind the loan.
Levan Nazarov
Founder
Product and the calculation logic behind it.
Alex Zhyzhko
COO
Operations, customers and partnerships.
LinkedIn
Ivan Krivtsov
CTO
Engineering, infrastructure and security.
Behind them, an underwriting team with years of due diligence and lending reviews every loan the system flags, under NDA.
In the news
What the press wrote about Rapidio.
- Business Wire · October 2023Rapidio introduces FlexStack, a component system for underwritingRead the release
- Business Wire · November 2023Rapidio introduces its data platform for mortgage lendingRead the release
- MBA NewsLink · November 2023Hone your lending operations to reduce origination costsRead the article
- Business Wire · November 2023The first FlexStack component: income calculation and eligibilityRead the release
- HousingWire · November 2023Rapidio releases a new income assessment tool for underwritersRead the article
- Trend Hunter · November 2023Rapidio's income assessment tool among AI underwriting trendsRead the feature
Capterra 5.0 / 5, 5 reviews as of September 2026 Read them on Capterra On G2 Customer stories
FAQ
Questions about Rapidio.
Have another question? Write to service@rapidio.com or book a 30-minute call.
Who uses Rapidio?
Mortgage brokers and loan officers, processors, underwriters and QC teams, and lenders that run a pilot on their own loans. Most people start with one loan in the web app. Lenders can add the REST API later.
Is Rapidio an AI company?
Rapidio uses AI to read the documents and calculate the income, and experienced underwriters stand behind the system. What you get is the number, the worksheet behind it and the conditions the loan still needs.
How is Rapidio different from other document AI tools?
It was built by underwriters, so it returns the worksheet with the page and line behind every figure, not only a number. A loan that needs a human eye goes to the assigned internal underwriter, under NDA. And it is priced per loan, with the first loan free and no contract, so a one-person shop and a bank start on the same terms.
Is Rapidio a due diligence company?
It began as one. Today Rapidio is the income component: brokers and lenders run it per loan, and due diligence and QC teams use it to recalculate the income on the loans they review. Due diligence with Rapidio.
How do you decide what to build next?
From the loans. We build the component that removes the most work from a loan, and we test it with the brokers, processors and underwriters who run loans every day.
Where is Rapidio based?
Miami, Florida. 80 SW 8th Street, Suite 2000, Miami, FL 33130.
How long has Rapidio been around?
Rapidio started in 2021 as a due diligence team. The first product component, income calculation, shipped in 2023. Bank statement income followed in 2024.
Can we talk to the team?
Yes. Write to service@rapidio.com or book a 30-minute call. Lenders can ask for a free pilot week on their own loans.
Run a loan. See how we work.
The first loan is free. Or book a demo and bring your questions and your hardest loan.
80 SW 8th Street, Suite 2000, Miami, FL 33130 · service@rapidio.com